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According to the Indian Sugar Mills Association (ISMA), the industry should be able to fulfil the export target of six million tonnes in 2020-2021 sugar season.
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TORE, December 17, 2020 04:18 IST Updated: December 16, 2020 23:50 IST Share Article 0 PRINT A A A The sugar industry has welcomed the Centre’s decision on the export plan for 2020-2021 season. <span>According to the Indian Sugar Mills Association (ISMA), the industry should be able to fulfil the export target of six million tonnes in 2020-2021 sugar season. Several large importing countries have been enquiring about Indian sugar this season. With a drop in production in Thailand, there is an opportunity for India to export to traditional m




Several large importing countries have been enquiring about Indian sugar this season. With a drop in production in Thailand, there is an opportunity for India to export to traditional markets such as Indonesia and Malaysia.

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xport plan for 2020-2021 season. According to the Indian Sugar Mills Association (ISMA), the industry should be able to fulfil the export target of six million tonnes in 2020-2021 sugar season. <span>Several large importing countries have been enquiring about Indian sugar this season. With a drop in production in Thailand, there is an opportunity for India to export to traditional markets such as Indonesia and Malaysia. At the current world prices, even if there is a small correction, exports would be viable with the subsidy of ₹6,000 a tonne. World prices are higher now compared with the same period l




Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.
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e month last year, preliminary data from state-run fuel retailers showed on Wednesday, signalling that industrial growth in Asia’s third-largest economy has not yet reached pre-COVID-19 levels. <span>Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month. Petrol sales rose by an annual 9.5% during the first half of the month to 1.05 million tonnes. A letter from the Editor Dear reader, We have been keeping you up-to-date with information




NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments
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transactions feature in RuPay cards, reloadable wallet facility for retail payments Share On Business Agri-Business Industry Economy Markets Budget 2020 Stock Quotes Business Industry Industry <span>NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments PTI New Delhi , December 16, 2020 17:28 IST Updated: December 16, 2020 17:27 IST PTI New Delhi , December 16, 2020 17:28 IST Updated: December 16, 2020 17:27 IST These unique feature wi




NPCI said with the relodable RuPay NCMC card, customers can store money to ensure quick and seamless transactions without any irregularities even if they witness poor connectivity at the POS machines.
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etail transactions, the NPCI said. These additional features will augment the overall transaction experience for RuPay cardholders and revolutionise the overall card payment ecosystem, it said. <span>NPCI said with the relodable RuPay NCMC card, customers can store money to ensure quick and seamless transactions without any irregularities even if they witness poor connectivity at the POS machines. “The RuPay NCMC (National Common Mobility Card) offline wallet can be used to make ticket payments in transit including metros, bus tickets, cab fares etc enabling automatic quick cashl




The sugar industry as well as the farmers were in crisis with production at 310 lakh tonnes against the annual domestic consumption demand of 260 lakh tonnes, Prakash Javadekar
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rkers, according to an official statement. The move comes at a time when thousands of farmers, including a group of cane farmers from U.P., are agitating on the borders of the national capital. <span>The sugar industry as well as the farmers were in crisis with production at 310 lakh tonnes against the annual domestic consumption demand of 260 lakh tonnes, Prakash Javadekar, Information and Broadcasting Minister, told journalists after the Cabinet meeting. “Farmers sell their sugarcane to the sugar mills, however the farmers are not getting their dues from




The Centre approved a ₹3,500-crore subsidy to sugar mills to incentivise them to export 60 lakh tonnes of surplus stock in the 2020-21 season, helping them to clear payment arrears due to cane farmers.
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ated: December 16, 2020 23:07 IST Move may help clear dues to farmers Share Article 0 PRINT A A A File photo for representation. | Photo Credit: M. Govarthan Move may help clear dues to farmers <span>The Centre approved a ₹3,500-crore subsidy to sugar mills to incentivise them to export 60 lakh tonnes of surplus stock in the 2020-21 season, helping them to clear payment arrears due to cane farmers. The decision, taken by the Cabinet Committee on Economic Affairs, would benefit five crore cane farmers and an equal number of mill workers, according to an official statement. The move




Currently, gas accounts for 6% in the country’s total energy mix.
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day said the government had planned a $60-billion investment for creating gas infrastructure in the country till 2024, and that gas’s share in the energy mix is expected to rise to 15% by 2030. <span>Currently, gas accounts for 6% in the country’s total energy mix. Speaking at the Assocham Foundation Day Week 2020, he said, “We have envisaged a spend of $60 billion in creating gas infrastructure till 2024, including for pipelines, LNG terminals an




He further said, “We are ushering a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2% to 15% by 2030.”
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ion Day Week 2020, he said, “We have envisaged a spend of $60 billion in creating gas infrastructure till 2024, including for pipelines, LNG terminals and CGD (city gas distribution) networks.” <span>He further said, “We are ushering a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2% to 15% by 2030.” India’s first automated national-level gas trading platform was unveiled in June this year to promote and sustain an efficient and robust gas market and foster gas trading in the countr




India’s first automated national-level gas trading platform was unveiled in June this year to promote and sustain an efficient and robust gas market and foster gas trading in the country.
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and CGD (city gas distribution) networks.” He further said, “We are ushering a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2% to 15% by 2030.” <span>India’s first automated national-level gas trading platform was unveiled in June this year to promote and sustain an efficient and robust gas market and foster gas trading in the country. Coverage of CGD projects is being expanded to 232 geographical areas spread over 400 districts, with potential to cover about 53% of the country’s geography and 70% of population, Mr. P




The industry association submitted its recommendations to Finance Minister Nirmala Sitharaman on Monday. “CII has suggested that the Budget proposals should focus on growth, and alongside, look at fiscal management from a three-year perspective. “Aggressive disinvestment and monetisation of assets can augment government revenues at a time when tax revenues have fallen sharply,” Uday Kotak, president, CII, said.
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tions for the Union Budget, it has also suggested aggressive disinvestment, including bringing down stake in majority public sector banks (PSBs) to below 50%, as well as monetisation of assets. <span>The industry association submitted its recommendations to Finance Minister Nirmala Sitharaman on Monday. “CII has suggested that the Budget proposals should focus on growth, and alongside, look at fiscal management from a three-year perspective. “Aggressive disinvestment and monetisation of assets can augment government revenues at a time when tax revenues have fallen sharply,” Uday Kotak, president, CII, said. He added that the Centre should prioritise expenditure in three areas — infrastructure, healthcare and sustainability — and that the Budget proposals should address critical areas of bo




The Confederation of Indian Industry (CII) has urged the government to look at fiscal management from a three-year perspective, as complete recovery was expected only in FY22
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0 IST ‘Fiscal management needs 3-year perspective, as recovery expected only in FY22’ Share Article 1 PRINT A A A ‘Fiscal management needs 3-year perspective, as recovery expected only in FY22’ <span>The Confederation of Indian Industry (CII) has urged the government to look at fiscal management from a three-year perspective, as complete recovery was expected only in FY22. In its recommendations for the Union Budget, it has also suggested aggressive disinvestment, including bringing down stake in majority public sector banks (PSBs) to below 50%, as well




India became the second largest mobile manufacturing country in 2017.

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20 11:36 IST India became the second largest mobile manufacturing country in 2017. Share Article 1 PRINT A A A A mobile manufacturing unit in Noida, Uttar Pradesh. | Photo Credit: Ramesh Sharma <span>India became the second largest mobile manufacturing country in 2017. India is now aiming to surpass China in mobile manufacturing with the production-linked incentive (PLI) scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said




The National Policy on Electronics 2019 (NPE) envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile phone segment.
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o surpass China. That’s my goal and I am very clearly defining it,” Mr. Prasad said at the annual general meeting of FICCI. India became the second largest mobile manufacturing country in 2017. <span>The National Policy on Electronics 2019 (NPE) envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile phone segment. PLI is designed to propel India’s stature and ease of doing business under the leadership of Prime Minister Narendra Modi to showcase India as an alternate manufacturing destination, Mr




India is now aiming to surpass China in mobile manufacturing with the production-linked incentive (PLI) scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14.
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try in 2017. Share Article 1 PRINT A A A A mobile manufacturing unit in Noida, Uttar Pradesh. | Photo Credit: Ramesh Sharma India became the second largest mobile manufacturing country in 2017. <span>India is now aiming to surpass China in mobile manufacturing with the production-linked incentive (PLI) scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14. He said the government is looking to make India a hub of other electronic products as well with the expansion of the PLI scheme to other sectors. “We wanted India to become the second l




“The nominated authority conducted the first attempt of 11th tranche of auction under CM(SP) Act and 1st tranche of auction under the MMDR Act of identified coal mines/ blocks vide tender document dated June 18, 2020,” the Coal Ministry said in a notice inviting tender.
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the first round of auction for commercial mining, as the number of technically qualified bidder for each mine was just one. Of the four coal blocks, three are in Odisha and one is in Jharkhand. <span>“The nominated authority conducted the first attempt of 11th tranche of auction under CM(SP) Act and 1st tranche of auction under the MMDR Act of identified coal mines/ blocks vide tender document dated June 18, 2020,” the Coal Ministry said in a notice inviting tender. Also read | Coal Ministry revises list of coal blocks to be auctioned for commercial mining It added that as the number of technically qualified bidders for the tender was less than 2 f




The auction of blocks for commercial mining has opened India’s coal sector to private players.

The first-ever auction of coal mines for commercial mining witnessed “fierce competition”.

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MT). “The nominated authority is initiating the second attempt of auction of these coal mines with the same terms and conditions as in the first annulled attempt of auction,” the Ministry said. <span>The auction of blocks for commercial mining has opened India’s coal sector to private players. The first-ever auction of coal mines for commercial mining witnessed “fierce competition”. Earlier, Coal Minister Pralhad Joshi said 19 auctioned mines will generate total revenues of around ₹7,000 crore per annum and create more than 69,000 jobs once they are operationalised




Commercial mining: Govt. re-invites bids for 4 coal blocks
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COVID-19 - Download PDF Commercial mining: Govt. re-invites bids for 4 coal blocks Share On 0 Business Agri-Business Industry Economy Markets Budget 2020 Stock Quotes Business Industry Industry <span>Commercial mining: Govt. re-invites bids for 4 coal blocks PTI New Delhi, December 13, 2020 11:45 IST Updated: December 13, 2020 11:58 IST PTI New Delhi, December 13, 2020 11:45 IST Updated: December 13, 2020 11:58 IST Of the four coal blocks,




Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad
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mong multiple bidders in race to buy Air India Salt-to-software conglomerate Tata Group was among “multiple” entities that on Monday put in preliminary bids for buying the government’s stake in <span>Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad India became the second largest mobile manufacturing country in 2017. ‘Bond’ with the best There are better debt options available, than low-interest bank fixed deposits Slowdown in loa




Floating Rate Savings Bonds 2020, issued by RBI, is among the best-guaranteed investment products for the current interest scenario. That it is floating rate means that your interest is not the same over the seven-year tenure.
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ndeed market-linked, but without the high credit risk or liquidity risk that you may have experienced in the last few years in mutual funds (MFs). Here are five such options: For income earners <span>Floating Rate Savings Bonds 2020, issued by RBI, is among the best-guaranteed investment products for the current interest scenario. That it is floating rate means that your interest is not the same over the seven-year tenure. However, given that we are at a low-interest scenario now and the current rate of 7.15% is pegged at 35 basis points above the NSC rate, you can secure a higher rate with this instrumen




‘Bond’ with the best
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inary bids for buying the government’s stake in Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad India became the second largest mobile manufacturing country in 2017. <span>‘Bond’ with the best There are better debt options available, than low-interest bank fixed deposits Slowdown in loans sanctioned to struggling businesses, MSMEs The ECLGS scheme is a key stimulus for firms




The gems and jewellery sector in the country has reduced its outstanding debt by 26% to $7.75 billion in a period of 18 months ending October this year, a senior official said on Friday.
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d the year with $20-21 billion of shipments. Share Article 0 PRINT A A A The GJEPC expects that if the current trend of exports continues, it will end the year with $20-21 billion of shipments. <span>The gems and jewellery sector in the country has reduced its outstanding debt by 26% to $7.75 billion in a period of 18 months ending October this year, a senior official said on Friday. The industry has faced difficulties in securing institutional credit in the wake of a few bank fraud cases, and the disruption due to the coronavirus (COVID-19) pandemic forced jeweller




The $36-billion gems and jewellery export industry employs about five million people, contributes 7% to the country’s GDP and 13.75% to the total merchandise exports in the financial year 2020, the council said.

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The $36-billion gems and jewellery export industry employs about five million people, contributes 7% to the country’s GDP and 13.75% to the total merchandise exports in the financial year 2020, the council said.
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ovember as compared to the same month last year. India has the potential to scale up its exports to $75 billion and its share in the world market to 15% from 5.8% at present, the official said. <span>The $36-billion gems and jewellery export industry employs about five million people, contributes 7% to the country’s GDP and 13.75% to the total merchandise exports in the financial year 2020, the council said. A letter from the Editor Dear reader, We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, ou




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1-4 public sector players, other strategic sector PSEs too to be privatised’ ACMA monitoring shortage of semiconductors for impact Situation precipitates need to localise auto electronics: Jain <span>Gems & jewellery sector pares outstanding debt by 26% to $7.75 billion The GJEPC expects that if the current trend of exports continues, it will end the year with $20-21 billion of shipments. Coal, Power Ministers discuss substituting imported coal with domestic fuel under ‘Aatmanirbhar’ campaign During the me




Sugar industry confident of meeting target
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en loses top court case in EU in diesel scandal The European Union’s top court ruled on Thursday that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on <span>Sugar industry confident of meeting target The sugar industry has welcomed the Centre’s decision on the export plan for 2020-2021 season. According to the Indian Sugar Mills Association (ISMA), Diesel sales fell 5.2% in first ha




NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments
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gement (SCM) ‘Auto parts revenue to see double-digit contraction’ Sector set back by 3-4 years, says Jain Cabinet clears ₹3,500-cr. subsidy for sugar exports Move may help clear dues to farmers <span>NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments These unique feature will benefit the customers immensely by opening up new avenues of acceptability and creating a greater penetration of RuPay’s network in the country, it said Jio fa




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ober 2020, bathroom products maker Roca Parryware has strengthened its supply chain management (SCM) ‘Auto parts revenue to see double-digit contraction’ Sector set back by 3-4 years, says Jain <span>Cabinet clears ₹3,500-cr. subsidy for sugar exports Move may help clear dues to farmers NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments These unique feature will benefit the customers immensely by opening up new avenues




Advertising Standards Council of India (ASCI)
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t with each other over claims regarding their honey brands and have taken the matter to advertising regulator ASCI. Dabur on Sunday said it is filing a complaint against rival Marico before the <span>Advertising Standards Council of India (ASCI) for claiming its Saffola Honey sample being passed through the NMR test. The Noida-based company claimed Marico’s Saffola honey has failed the NMR (Nuclear Magnetic Resonance) test and




According to Expert Market Research, the India’s honey market reached a value of about ₹1,729 crore in 2019.
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onance) test,” the study had said. Recently several new players have entered into the growing domestic honey market after pandemic as people are now focusing on wellness products post-pandemic. <span>According to Expert Market Research, the India’s honey market reached a value of about ₹1,729 crore in 2019. The market is further expected to grow at a CAGR of about 10% between 2020 and 2025 to reach a value of nearly ₹30.6 billion by 2025, it said. A letter from the Editor Dear reader, We h